Abbreviated Company Accounts - PARAMOUNT PROPERTIES LTD

PEAKSONS PROPERTIES LTD - Company Information

Registered Number 07619164

PARAMOUNT PROPERTIES LTD

Abbreviated Accounts

30 September 2013

PARAMOUNT PROPERTIES LTD Registered Number 07619164

Abbreviated Balance Sheet as at 30 September 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	441	591
		441	591
Current assets
Debtors		627	100
Cash at bank and in hand		3,052	9,050
		3,679	9,150
Creditors: amounts falling due within one year		(4,005)	(9,651)
Net current assets (liabilities)		(326)	(501)
Total assets less current liabilities		115	90
Total net assets (liabilities)		115	90
Capital and reserves
Called up share capital		100	100
Profit and loss account		15	(10)
Shareholders' funds		115	90

For the year ending 30 September 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 August 2014

And signed on their behalf by:
Mr M S RIZVI, Director

PARAMOUNT PROPERTIES LTD Registered Number 07619164

Notes to the Abbreviated Accounts for the period ended 30 September 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Fixtures & Fittings - 33.33% straight line basis
Equipment - 33.33% straight line basis

2Tangible fixed assets

	£
Cost
At 1 October 2012	887
Additions	70
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2013	957
Depreciation
At 1 October 2012	296
Charge for the year	220
On disposals	-
At 30 September 2013	516
Net book values
At 30 September 2013	441
At 30 September 2012	591